Why You're Better Off Trading Forex with an Aggregator

So you’ve decided to trade forex. Welcome to the largest and one of the most actively traded markets in the world, where more than four trillion pounds are traded daily.

The forex market is also one of the more complex markets to trade in, because, unlike equities or futures markets for example, forex markets lack a centralised exchange. Therefore, there are no single, centralised prices for a currency, and as a result, quotes vary between different dealers. Furthermore, the forex market has these main participants:

– Banks

– Liquidity providers (LPs)

– Electronic communications networks (ECNs)

– Exchanges

– Traders

Consequently, there are many providers for the same currency pair, and the same currency pair will have many different prices.

So, why trade with a forex aggregator? Here are some of the ways an aggregator streamlines trading for brokers and traders:

Flexibility and enhanced liquidity access

With a forex aggregator, you can aggregate the prices across any number of liquidity providers. Aggregation allows for simultaneous trading of synthetic cross pairs and futures liquidity across all major forex trading venues, i.e. banks, electronic communications networks, exchanges and liquidity providers. Doo Clearing aggregates prices across over a combination of Liquidity Providers and futures companies.

Reduced trading costs

When currency prices are collected from across the board and presented to you on a versatile platform, you are able to choose the best prices among the venues of your choosing at any given moment, thus allowing you to keep overall costs down. Doo Clearing takes cost efficiency one step further with our significant bargaining power with upper-stream liquidity providers, combined with the technology to ensure that all transactions are processed without delays or interruptions.

Increased competitiveness for clients = access to the best prices

In addition to providing clients and end users with greater access to a wider selection of prices and options, thereby increasing and facilitating market competition by allowing clients to view and select the best available prices and spreads among any number of venues, forex aggregation helps brokers to increase their competitiveness by allowing them to adapt to the needs of their clients, for example by providing instant access to different pricing models or to constantly changing currency prices and quotes. Aggregation shows product prices in real time and enables traders to obtain market data, view and execute orders instantly.

With UK-based Doo Clearing, you not only trade with the convenience and benefits that an aggregator offers, but also – and equally importantly – you trade with peace of mind and protection because we are regulated by the Financial Conduct Authority. Furthermore, with the five years of market experience that our fintech division Doo Tech brings to the table, we provide the most reliable trading software, with ultra-low latency, risk management, reporting and health monitoring, combined with 24/7 tech support.

About Doo Clearing

Doo Clearing limited – a UK-based Spot Forex and CFDs liquidity provider authorized and regulated by the FCA (FRN: 833414) to arrange and deal in Rolling Spot FX and Contracts for Difference (CFDs) with Eligible counterparties and professional clients.

Doo Clearing offers a comprehensive liquidity clearing system that includes modules such as liquidity access, quotation aggregation, liquidity distribution, clearing account, risk management, reporting, and system health-level checking.

For more information, please contact our expert support team:

London Office

Phone: +44 207 1128722

Email: [email protected]

Website: www.dooclearing.co.uk

Hong Kong Office

Phone: +852 9561 2013

Email:  [email protected]

Website: www.dooclearing.com